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567 results for “charitable trust”+ Section 14clear

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Key Topics

Section 12A45Section 26035Addition to Income23Exemption19Section 1113Charitable Trust12Section 329Depreciation9Deduction8

PASCHIM VIBHAG SHIKSHAN MANDAL BIJAGARI vs. THE COMMISSIONER and APPELLATE AUTHORITY

WP/101436/2018HC Karnataka01 Dec 2021

Bench: The Hon’Ble Mr.Justice Suraj Govindaraj Writ Petition No.101436/2018 (S-Pro) C/W. Writ Petition No.77680/2013 (Gm-Ksr), Writ Petition No.81667/2013 (Gm-R/C) & Writ Petition No.101972/2017 (Gm-R/C)

14. Answer to Point No.1 What is the scope and effect of Section 3 and 7 of the Hindu Religious and Charitable and Religious Trust

THE COMMISSIONER vs. JYOTHY CHARITABLE TRUST

ITA/707/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 14Section 15Section 260Section 32

14-08-2018 I.T.A.No.707/2015 The Commissioner of Income Tax (Exemptions) & another Vs. Jyothy Charitable Trust 9/22 derived from business or profession is not applicable. However, the income of the Trust is required to be computed under section

Showing 1–20 of 567 · Page 1 of 29

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Section 106
Section 234E6
Section 260A5

PR COMMISSIONER OF vs. M/S YENEPOYA

ITA/546/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 32

section 11 in the past years? In the case of CIT v. Munisuvrat Jain 1994 Tax Law Reporter, 1084 the facts were as follows. The assessee was a Charitable Trust. It was registered as a Public Charitable Trust. It was also registered with the Commissioner, Pune. The assessee derived income Date of Judgment 14

THE DIRECTOR OF INCOME TAX vs. M/S. KRUPANIDHI EDUCATION

ITA/306/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 28Section 32Section 35(2)(iv)

Charitable Trust held as under: “5. Learned Counsel at the Bar submitted that so far as the issue regarding claim of Date of Judgment 14-08-2018 I.T.A.No.306/2015 The Director of Income Tax (Exemption) Vs. M/s Krupanidhi Education Trust 6/23 Depreciation under Section

PR COMMISSIONER OF vs. M/S YENEPOYA UNIVERSITY

ITA/549/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

section granting benefit of deduction on account of depreciation. It was held that income of a Charitable Trust derived from building, plant and Date of Judgment 14

PR. COMMISSIONER OF INCOME TAX vs. M/S. MEDICAL RELIEF SOCIETY OF SOUTH KANARA

ITA/537/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 15Section 260Section 32

section 11(1)(a) of the Inome-tax Act, 1961. Income of a charitable trust derived from building, plant and machinery and furniture is liable to be computed in a normal commercial manner although the trust may not be carrying on any business Date of Judgment 14

PR COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF

ITA/534/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

section granting benefit of deduction on account of depreciation. It was held that income of a Charitable Trust derived from building, plant and Date of Judgment 14

PR.COMMISSIONER OF vs. M/S SACKHUMVIT TRUST

ITA/394/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 15Section 260Section 32Section 70

14 -08-2018 I.T.A.No.394/2018 Pr. Commissioner of Income Tax, Exemptions & another Vs. M/s Sackhumvit Trust 5/22 Foundation Poona’ [2018] 89 taxmann.com 127 [SC] with regard to allowability and Depreciation in the hands of Religious and Charitable Trust held as under: “5. Learned Counsel at the Bar submitted that so far as the issue regarding claim of Depreciation under Section

PR COMMISSIONER OF INCOME TAX vs. ISLAMIC ACADEMY OF GENERAL EDUCATION

ITA/957/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

charitable and religious purposes in the subsequent year in which adjustment had been made having regard to the benevolent provisions contained in section 11 of the Act and such adjustment will have to be excluded from the income of the trust under section 11(1)(a).” Date of Judgment 14

COMMISSIONER OF INCOME vs. M/S MANIPAL HOTEL AND

ITA/13/2016HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

14-08-2018 I.T.A.No.13 /2016 Commissioner of Income Tax (Exemptions) & another Vs. M/s Manipal Hotel and Restaurant Management College Trust 17/21 computing the income from the charitable institutions, then there is no way to preserve the corpus of the trust for deriving the income. The Board also appears to have understood the `income’ under section

PR. COMMISSIONER OF INCOME TAX vs. M/S. G. M. EDUCATION TRUST

ITA/1046/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 268ASection 32

section 11 in the past years? In the case of CIT v. Munisuvrat Jain 1994 Tax Law Reporter, 1084 the facts were as follows. The assessee was a Charitable Trust. It was registered as a Public Charitable Trust. It was also registered with the Commissioner, Pune. The assessee derived income from the temple property which Date of Judgment 14

COMMISIONER OF INCOME TAX (EXEMPTIONS) vs. MANIPAL HOTEL & RESTAURANT

ITA/201/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 12ASection 260Section 32

section 11 in the past years? In the case of CIT v. Munisuvrat Jain 1994 Tax Law Reporter, 1084 the facts were as follows. The assessee was a Charitable Trust. It was registered as a Public Charitable Trust. It was also registered with the Commissioner, Pune. The assessee derived income from the temple property which Date of Judgment 14

THE COMMISSIONER OF vs. M/S THE BANGALORE

ITA/709/2015HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 14Section 15Section 260

14 and specific provisions of computation of income under respective heads as envisaged under Section 15 to 59 are not pressed into action?. 3. This Court in case of ‘Commissioner of Income Tax-III, Pune v. Rajasthan & Gujarati Charitable Foundation Poona’ [2018] 89 taxmann.com 127 [SC] with regard to allowability and Depreciation in the hands of Religious and Charitable Trust

PR COMMISSIONER OF INCOME TAX vs. SMT KAMALA

ITA/880/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 268ASection 32

CHARITABLE TRUST 645, KRISHNA 3RD BLOCK, 4TH CROSS, 17TH MAIN KORAMANGALA BENGALURU-560 034 PAN:AACTS 2907 G. …RESPONDENT (BY MR.BALRAM R. RAO, ADV.) Date of Judgment 14-08-2018 I.T.A.No.880/2017 Pr. Commissioner of Income Tax (Exemptions) & another Vs. Smt.Kamala and Sri.Venkappa M Agadi 2/21 THIS INCOME TAX APPEAL IS FILED UNDER SECTION

PR.COMMISSIONER OF vs. M/S AGASTYA

ITA/397/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32Section 70

Charitable trust in ITA No.676/Bang/2014 dated 30.05.2015 and other cases even though the said decisions have not reached finality and there is no specific provision for such set off in Section 11, 12 and 14

PR COMMISSIONER OF INCOME TAX vs. M/S MANIPAL HOTEL &

ITA/555/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 268ASection 32

Trust from the properly held for charitable or religious purposes and it also provides for application and accumulation of income. On the other hand, section 28 of the Income Tax Act deals with chargeability of income from profits and gains of business and section 29 provides that income from Date of Judgment 14

PR COMMISSIONER OF INCOME TAX vs. THE NEW CAMBRIDGE

ITA/319/2018HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

section 11 of the Income Tax Act makes provision in respect of computation of income of the Date of Judgment 14 -08-2018 I.T.A.No.319/2018 Pr. Commissioner of Income Tax, Exemptions & another Vs. The New Cambridge Educational Trust 6/21 Trust from the properly held for charitable

PR COMMISSIONER OF vs. M/S YENEPOYA UNIVERSITY

ITA/547/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 260Section 32

Trust from the properly held for charitable or religious purposes and it also provides for application and accumulation of income. On the other hand, section 28 of the Income Tax Act deals with chargeability of income from profits and gains of business and section 29 provides that income from Date of Judgment 14

PR COMMISSIONER OF INCOME TAX vs. M/S MEDICAL RELIEF

ITA/533/2017HC Karnataka14 Aug 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 260Section 32

Trust from the properly held for charitable or religious purposes and it also provides for application and accumulation of income. On the other hand, section 28 of the Income Tax Act deals with chargeability of income from profits and gains of business and section 29 provides that income from Date of Judgment 14

COMMISISONER OF INCOME TAX vs. OHIO UNIVERSITY CHRIST COLLEGE

ITA/312/2016HC Karnataka17 Jul 2018

Bench: S.SUJATHA,VINEET KOTHARI

Section 11Section 12ASection 260

Section 11 of the Income-tax Act meant “applied or finally set apart” for the benefit of the trust and that the allocation as made in the assessee’s books was enough to show that the relevant amount was finally set apart or applied for charitable purposes. We are unable to agree. It is not in dispute that there